Hi guys . Today I have for you a short trading idea at AMD
. As we see at the daily chart
the price levels cannot break the resistance at 33,26$ , so in that case we might see a correction with target 27$ - 27,5 $. This move tends to be justified also from ADX
indicator which made a reversion from the highest levels and the +DI
tend to cross eachother. Also the RSI
is at high levels but not oversold . As for the fundamentals its a good timing for a correction because the earnings
which will announce at 23/10/2018 tends to be good because of the sales and the promotion. So have fun with this short term trade !